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UK's new Arbitration Act 2025 modernizes dispute resolution, enhancing arbitration powers and transparency.
The UK's Arbitration Act 2025, passed on Feb 24, modernizes the 1996 act by introducing key changes like making arbitration agreements governed by the seat's law, giving arbitrators powers to dismiss weak claims, and requiring arbitrators to disclose potential conflicts.
It also allows courts to issue orders binding third parties, supporting arbitration proceedings more effectively.
The exact implementation date is pending.
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La nueva Ley de Arbitraje 2025 del Reino Unido moderniza la resolución de conflictos, mejorando los poderes de arbitraje y la transparencia.